Business

2023 HALF YEAR RESULT: FBNHOLDINGS POST N206BN PRE-TAX PROFIT FBN Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBNHoldings disclosed the figures in its second-quarter statement released yesterday on the Nigerian Exchange. The increase in second-quarter profits helped its ...

FIRSTBANK WINS FINANCIAL INSTITUTION OF THE YEAR AT THE AFREXIM BANK PAN-AFRICAN BUSINESS AND DEVELOPMENT AWARDS The award was bestowed on FirstBank in recognition of the Bank’s role in promoting trade and investment endeavours across the continent. With its subsidiaries across the FirstBank Group, FirstBank has continued to play a ...

BUA Foods to maintain rice prices across Nigeria…restates commitment to supporting Local Rice Farmers for Food Security in Nigeria In a remarkable display of commitment to the Nigerian agricultural sector and the economy, BUA Foods has informed distributors of its rice products that it would maintain prices of its BUA ...

LEADERSHIP AND FIRSTBANK’S SUCCESSFUL TRANSITIONING TO ‘CLICK’ BANKING In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep ...

Access Bank PLC Expands Global Footprint with launch of French Subsidiary   Access Bank PLC, the flagship company of Access Holdings PLC, has officially launched its subsidiary in Paris, France. The Bank’s operations will focus on trade finance, initially capitalising on flows between Africa and France, particularly Francophone Africa. Herbert ...

Seplat Energy Crisis Deepens as Court Suspends the Chairman, CEO and Others   There’s no indication that the crisis rocking Seplat Energy Plc may abate anytime soon. The crisis took a turn for the worse, yesterday, as a Federal High Court sitting in Abuja, suspended the company’s Chief Executive Officer, ...

WEMA BANK UNVEILS LATEST BRAND JINGLE FOR ALAT BY WEMA Wema Bank, Nigeria’s leading innovative bank, has unveiled the latest brand jingle for its digital banking application, ALAT by Wema which is set to become an instant hit with customers and music lovers alike. The new jingle is part of ...

Wema Bank Launches Upgraded ALAT for Business Digital Banking App Wema Bank, Nigeria’s leading innovative bank, has launched the upgraded version of its corporate digital banking application, ALAT for Business 2.0. The launch took place on May 3rd, 2023, during the bank’s Digital Week activities themed “Changing The Digital Dynamics ...

ZENITH BANK FETES SHAREHOLDERS WITH UNPRECEDENTED DIVIDEND PAYOUT OF N100.47 BILLION  At the 32nd Annual General Meeting (AGM) of Zenith Bank Plc, held virtually from the Civic Centre, Victoria Island, Lagos, on Tuesday, 2 May 2023, shareholders of the bank unanimously approved the proposed final dividend payment of NGN2.90 per ...

Wema Bank Celebrates 78th anniversary, ALAT at six Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is set to commemorate its 78th and 6th anniversary with a bang. The week-long celebration, which commences on May 1st, 2023, promises an ...